Bitfinex finishes maintenance (but hasn't re-opened trading yet...)

07 Jan, 2019
by David Robb
Exchange
Bitfinex finishes maintenance (but hasn't re-opened trading yet...)

Bitfinex recently announced that its scheduled maintenance was completed successfully. The exchange claimed that it would soon go live again, but has delayed the reopening of trading.

This maintenance was first announced back in December, with the company claiming that it was migrating users' data over to new, safer and more reliable servers. These "bare metal" servers were provided by data security solutions firm Market Synergy. The migration meant that Bitfinex and its ERC-20 token exchange Ethfinex would be down for around 7 hours.

Many were suspicious of this maintenance, as such events have been previously accompanied by notable price action in the crypto market. BitMEX was one of the more high-profile cases where observers accused an exchange of using scheduled downtime to manipulate the market.

Read more: Why people are apprehensive about the upcoming Bitfinex downtime

Bitfinex announced that the maintenance had been completed successfully after the scheduled amount of downtime, and that trading would be open again "in 5 minutes time". Almost 15 minutes later, the exchange's Twitter account told followers that it was "going back into maintenance", and that markets wouldn't be opening right away.

Unsurprisingly, this backtracking and confusion was met with even more suspicion from the crypto community. Some observers seemed to believe that Bitfinex had been caught in a deliberate lie, and was likely attempting to manipulate the market, as predicted.

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Read more about:Bitfinex

Poll

Is this evidence of Bitfinex manipulating the market?

(29 votes)

Add a comment

Safety of my assets on Bitfinex is ahead of everything else.
08 Jan, 2019 - 20:11
It is very important for the users. Good job of the team
12 Jan, 2019 - 02:51
Security is all we need. Bitfinex provides the most valuable to all its users and it is very nice.
22 Jan, 2019 - 20:50
Bitfinex is the most safety exchange. Bitfinex don't think that only users must think about their secure and it work constantly on improvement of this exchange compared with Coinbase!
08 Jan, 2019 - 21:52
I think these are not users but haters. Bitfinex has a good community.
22 Jan, 2019 - 09:48
It's better I will wait for Bitfinex security system improvements, rather than will lose my money. Good job, BTF
08 Jan, 2019 - 22:32
I also think that Bitfinex is an extremely safe exchange, especially considering the fact that after the hacker attack they paid all the losses to their users.
08 Jan, 2019 - 23:04
It looks like you are right in this situation. All the uses say so
20 Jan, 2019 - 09:58
I am also not afraid to trade on bitfinex. I know bitfinex is doing everything to protect their customers.
22 Jan, 2019 - 09:15
Oh my goood, stop please! Can`t users wait a little?
Trading is opened now, lets try the new great platform!))
09 Jan, 2019 - 14:56
These are not users, these are haters
13 Jan, 2019 - 19:48
Bitfinex is not involved in manipulations. They don`t want to loose trust of the users
09 Jan, 2019 - 21:42
Bitfinex cares for its customers and reputation. Don't believe in rumor please
11 Jan, 2019 - 23:57
so much fake news about bitfinex.why?
09 Jan, 2019 - 22:50
a great platform to trade.
Updates are made only to provide better safety there, in Bitfinex.
10 Jan, 2019 - 16:47
Of course, this is inconvenient - not to have access to your funds when you want, but technical failures are possible for everyone. Bitfinex has established itself as a secure exchange. Why was there written about manipulation?
10 Jan, 2019 - 20:47
Bitfinex did it to improve the security, safety is very important on any platform.
11 Jan, 2019 - 12:55
this is directed at security. I mean Bitfinex did its job to make the platform much better, nothing was suspicious
11 Jan, 2019 - 17:55
okay, it's finished , bitfinex are rolling app now what also takes time
13 Jan, 2019 - 07:17
I am 100% sure that it was only a maintenance work/ Bitfinex added new opportunities for institutional traders.
13 Jan, 2019 - 09:50
Bitfinex already said about it. Nothing more than maintenance
13 Jan, 2019 - 18:29
I even didn't notice any inconvenience
16 Jan, 2019 - 18:40
i have no doubt in Bitfinex activity.
there is nothing perfect in this world and Bitfinex has some issues to solve
so that's okay i think
17 Jan, 2019 - 22:19
Some technical problems I think. It is not a reason to spread panic. Sometimes it happens even with Bitfinex
21 Jan, 2019 - 22:00

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